debt
confidence high
sentiment positive
materiality 0.55
Xenia Hotels proposes $365M senior notes due 2030 to redeem 6.375% 2025 notes
Xenia Hotels & Resorts, Inc.
- XHR LP to offer $365M aggregate principal of senior notes due 2030, guaranteed by Xenia and certain subsidiaries.
- Net proceeds, combined with borrowings under new Nov 4, 2024 credit agreement, will redeem all outstanding 6.375% senior notes due 2025.
- Offering limited to qualified institutional buyers (Rule 144A) and non-U.S. persons (Regulation S); unregistered.
- Notes are senior unsecured obligations; no interest rate or other terms disclosed yet.